Utah Code Title 53B. State System of Higher Education § 53B-7-802. Higher Education Student Success Endowment

(a) the proceeds from divestment of the dissolved Utah Higher Education Assistance Authority's loan portfolio;

(b) appropriations made to the endowment by the Legislature, if any;

(c) income from the investment of the endowment; and

(d) other revenues received from other sources.

(b) Nothing in this section requires a specific outcome in investing.

(c) The state treasurer may employ professional asset managers to assist in the investment of assets of the endowment.

(d) The state treasurer may only provide compensation to asset managers from earnings generated by the endowment's investments.

(e) The state treasurer shall invest and manage the endowment assets as a prudent investor would, by:

(f) In determining whether or not the state treasurer has met the standard of care of a prudent investor, the judge or finder of fact shall:

(5)(a) The endowment shall earn interest.

(b) The state treasurer shall deposit the interest or other revenue earned from investment of the endowment into the endowment.

(a) may expend money from the endowment for programs that:

(b) may not expend money from the endowment for a capital expenditure, including the construction or lease of a capital facility or operation and maintenance of a capital facility.

(a) money deposited into the endowment is irrevocable and is expended only for programs that advance the system priorities as established in Subsection 53B-1-402(2)(a); and

(b) creditors of the board of directors may not seize, attach, or otherwise obtain assets of the endowment.